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20121210
20121210
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CNN 2
CNNW 2
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Search Results 0 to 5 of about 6 (some duplicates have been removed)
CNN
Dec 10, 2012 6:00am PST
conversation, at least from the republican standpoint, is being characterized the wrong way. president obama, the democrats aren't looking to raise anyone's taxes. what they're doing is allowing the bush tax cuts to expire. in other words, allow the tax to go back to where they were when we created jobs. i think, if the republicans are able to say, look, we're willing to allow tax to go for 98% of the nation so that we can talk about entitlements, i think that characterization of the conversation will help them in terms of image because right now it doesn't look as if they care about the middle class. they need to focus in on the fact that they're allowing 98%, the majority of the bush tax cuts to be extended, and they can claim that as a victory. i think you will see a shift in the way people are viewing who's at fault in the fiscal cliff conversation, and you'll be able to have a much more positive attitude about the republicans heading into this so-called battle well hillary clinton in the future. >> l.z. granderson and will cain, thank you, gentlemen. we appreciate it. >> thanks, ted. >>
FOX News
Dec 10, 2012 8:00am PST
offer. speaker john boehner is still waiting for a new proposal from president obama, that is all uncording to an unnamed aide to the speaker. meanwhile some republicans are calling on speaker john boehner to give the president what he wants on taxes so the party can focus on cutting entitlement programs. >> a lot of people are putting forth a theory, and i actually think it has merit where you go ahead and give the president the 2% increase that he's talking about, the rate increase on the top 2%, and all of a sudden the shift goes back to entitlements. >> if speaker john boehner ends up with senator corker has just said he is we will get a large agreement. but speaker john boehner hasn't said that, and so we democrats realize that there have to be two sides to this bargain. jon: special report anchor bret baier joins us now in washington. if people like senator corker say the tax increases would be okay with them on the highs income earners in this country it seems that that is bound to be part of the deal that transpires here. >> reporter: jon, senator cork eris not in the hous
CNN
Dec 10, 2012 9:00am PST
into sticking with it. good for you. >>> president obama in michigan at the detroit diesel corporation. we're looking at remarks there. he's going to address middle class families. president talking about the economy and focusing on the expiring tax cuts as we near this fiscal cliff. we're going to bring their remarks live as they happen. first, christine romans has a look at what it would be like he if the country let those tax cuts expire, and we go off the so-called fiscal cliff. >> reality track says one in three homes sold short. right now you don't owe taxes on the forgiven debt. on the other side of the fiscal cliff you do. it gives homeowners a tax break on unpaid mortgage debt and expires on december 31st unless congress acts. >> the average amount that homeowners are short in a short sale is $95,000. if this tax break goes away as part of the so-called fiscal cliff, those homeowners could be taxed on that $95,000 as additional income starting in 2013. >> how much homeowners will owe in taxes on that amount depending on the tax bracket they're in. on average it would be between 20
Search Results 0 to 5 of about 6 (some duplicates have been removed)